CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) Short Interest Down 28.9% in February

CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) was the target of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 4,137 shares, a decline of 28.9% from the February 12th total of 5,820 shares. Based on an average daily volume of 2,612 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 2,612 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On CNFinance

An institutional investor recently raised its position in CNFinance stock. XTX Topco Ltd lifted its stake in shares of CNFinance Holdings Limited Sponsored ADR (NYSE:CNF) by 318.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,079 shares of the company’s stock after buying an additional 37,359 shares during the quarter. XTX Topco Ltd owned 0.07% of CNFinance worth $32,000 as of its most recent filing with the SEC.

CNFinance Stock Down 2.9%

NYSE CNF traded down $0.14 during trading hours on Friday, hitting $4.66. The company had a trading volume of 284 shares, compared to its average volume of 5,626. The firm’s 50 day moving average is $5.25 and its 200 day moving average is $4.95. The company has a debt-to-equity ratio of 1.32, a current ratio of 681.01 and a quick ratio of 392.34. CNFinance has a fifty-two week low of $2.36 and a fifty-two week high of $10.50. The company has a market capitalization of $31.97 million, a price-to-earnings ratio of 1.50 and a beta of -0.11.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of CNFinance in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, CNFinance currently has a consensus rating of “Hold”.

CNFinance Company Profile

CNFinance Holdings Limited (NYSE: CNF) is a China-based holding company specializing in internet-based financial services for consumers and small- and medium-sized enterprises (SMEs). Through its subsidiaries, CNFinance develops and operates an online marketplace that connects individual and corporate borrowers with institutional and private capital providers. The company’s platform leverages technology to streamline the loan application process, enabling efficient access to credit in a traditionally underserved segment of the Chinese financial market.

The company’s core offerings include unsecured consumer loans, SME working capital financing, supply chain financing solutions and wealth management products.